LendThrive

Business Term Loan up to $150,000 (10 Year Term)

LendThrive is a direct lender and offers fast access to a business term loan. The pre-qualification process is completed digitally with repayment terms of 120 months (10 years). Applying does not hurt your credit score since they conduct a soft pull-on Experian for pre-qualification.

Requirements:

  • EIN Number
  • Business bank account
  • Minimum monthly revenues of $10k
  • Minimum 2 years in business
  • 675+ Experian credit score (soft pull for pre-qualification)

Business Credit:

  • Business Term Loan ($25k - $150k)
  • 10 Year repayment terms
  • Reports to Small Business Financial Exchange (SBFE)

To apply => send an email to funding@startbusinesscredit.com and in the Subject Line put 'Business Term Loan'. In the body of the email put your name and contact number and we will contact you to start the onboarding process with LendThrive.

  • 1

    Remember - Bank & Lender Relationships

    At level 3 you should already have 10+ tradelines reporting from Level 1 and Level 2 combined. At level 3 it's key to establish multiple bank and lender relationships by maximizing your funding potential.

  • 2

    Tip - Leverage Newly Established Lending Relationships

    When you get a business line of credit it’s important to use that account on a periodic basis. Wait at least 6 months before requesting a credit limit increase or applying for a new funding product offered by a lender you have an existing business credit line with.

  • 3

    Tip - Payment Activity

    Always pay your bill on or ahead of the due date. Paying better than terms is ideal since this can improve your credit rating even more. Plus, a lender will always review your existing account history when you apply for more business credit or business loan with them.